EURGBP Technical Analysis
January 25, 2025
Bearish Trend Confirmation
Price Action Indicators
Lower lows and lower highs pattern
Trendline acting as strong resistance
Downward price momentum confirmed
Key Technical Observations
Descending trend channel
Resistance level: 0.84327 area
Price rejected at trendline resistance
Trade Strategy
Short entry near resistance
Stop above recent high
Targeting lower support levels at 0.83283
January 25, 2025
Bearish Trend Confirmation
Price Action Indicators
Lower lows and lower highs pattern
Trendline acting as strong resistance
Downward price momentum confirmed
Key Technical Observations
Descending trend channel
Resistance level: 0.84327 area
Price rejected at trendline resistance
Trade Strategy
Short entry near resistance
Stop above recent high
Targeting lower support levels at 0.83283
Trade closed: target reached
hit TP
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.